Just initiated a position in Alphabet.

It’s one of the cheapest stocks among the Magnificent Seven and one of the few that truly covers the full AI stack: chips, data centers, foundational models, and consumer interfaces.

Alphabet can fund all of this through the $100 billion in annual profits it generates from its core businesses.

That’s not even counting its large private portfolio, which gives you indirect exposure to companies like Anthropic and SpaceX through Google’s venture arm.